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Referenced Laws
Section 165(h)
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Section 1
1. Short title This Act may be cited as the Protecting Homeowners from Disaster Act of 2025.
Section 2
2. Repeal of limitation on deduction for personal casualty losses Section 165(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (5). The amendment made by this section shall apply to losses sustained in taxable years beginning after December 31, 2024.